Quantum Computing for Enterprise Markets

Hardware, Software, Storage, and Services Across 15 Industry Sectors: Global Market Analysis and Forecasts

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Pages: 76
Tables, Charts,
     & Figures:
186
Publication Date: 3Q 2018
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Quantum computing is the utilization of the principles of quantum mechanics to perform calculations and solve problems.  Using the unique phenomena of individual subatomic particles as compute elements, quantum computers have the potential to quickly solve problems that are impossible to calculate in time frames that are useful to humans. By using superposition and entanglement, two principles of quantum mechanics, quantum computers will be able to perform calculations exponentially faster than classical, transistor-based computers, opening up a new paradigm of high-performance computing power.

Tractica’s research indicates that presently, there is very little actual product that can be purchased, and even by the end of the forecast period, it is highly unlikely that most Fortune 500 companies will be lining up to purchase a quantum computer. As such, much of the revenue in the market will be generated by services, including general consulting services that are provided by vendors, professional services firms, and third-party industry consultants.  Cloud-based access to quantum computers, which Tractica believes will be the dominant way that enterprises will use quantum machines in the near term, will also contribute to services revenues. Tractica projects that total quantum computing market revenue will reach $2.2 billion annually by 2025, up from $39.2 million in 2017.  North America will lead the world with $718.3 million in revenue by 2025, but will be followed closely by Europe ($695.8 million) and Asia Pacific ($650.9 million).

This Tractica report examines the market trends and technology issues surrounding quantum computers used by enterprise organizations, and presents 8-year forecasts for quantum-related hardware, software, storage, and services during the period from 2017 through 2025.  The report includes discussion of the 15 industries that are researching or initiating quantum computing projects today, and likely will be utilizing the technology in the future.  The report also includes detailed profiles of 15 key industry players.  Market forecasts, segmented by world region and industry, include hardware, software, storage, and services revenue.

Key Questions Addressed:

  • What is quantum computing?
  • Which industries are using quantum computing today, and which ones will use it in the future?
  • What are some likely quantum computing use cases?
  • Where will revenue be generated in the enterprise market?
  • Who are the major players involved in the development of quantum computing?

Who Needs This Report?

  • Quantum computing hardware vendors
  • Quantum computing software/middleware/algorithm developers
  • Artificial intelligence companies
  • Enterprise companies within industries with significant technical challenges
  • Professional services firms
  • Government agencies
  • Investor community

Table of Contents

  1. Executive Summary
    1. Defining Quantum Computing
    2. Market Drivers
    3. Market Barriers
    4. Quantum Computing Market Structure
    5. Market Forecasts
  2. Market Issues
    1. Why Quantum Computing?
    2. Defining Quantum Computing
      1. Performance Advantages Compared with Existing Technologies
      2. Current Technological Limitations
      3. Factors Impacting Technological and Market Development
        1. Plateaus in Development
        2. Progress with Use Cases
        3. Hype
      4. Current Deployments of Quantum Computing
        1. Academic and Research Environments
        2. Early-Stage Commercial Activity
        3. Potential Timeline for Enterprise Adoption of Quantum Computing
      5. Market Drivers
        1. Demand for Ever-Greater Compute Performance for Data Analysis
        2. Need for Secure Computing Platforms
        3. Simulation Work is Gaining Traction and Requires More Processing Power
      6. Market Barriers
        1. Technological Challenges
          1. Programming Quantum Computers
          2. Quantum Computing Stability and Error Correction
          3. Developing Quantum Algorithms
          4. Scaling Quantum Computers
        2. Control Concerns
        3. Potential Regulatory Issues
      7. Potential Applications and Use Cases Enabled by Quantum Computing
        1. Simulation and Modeling
        2. Drug Discovery and Testing
        3. Machine Learning / Deep Learning
        4. Farming (Nitrogen Fixation)
        5. Battery Optimization
        6. Traffic Optimization
        7. Material Science
        8. Encryption and Security
        9. Trading Optimization
        10. Oil & Gas Exploration and Production
  3. Technology Issues
    1. Architecture of Quantum Computers
    2. Types of Quantum Computers
      1. Quantum Annealers
      2. Analog Emulators
      3. Universal Quantum Computers
      4. Superposition and Entanglement
    3. Quantum Computing Elements and Processes
      1. Qubits
        1. Topological Qubits
        2. Trapped Ions
        3. Superconducting Qubits
        4. Quantum Gates
      2. Current Challenges
        1. Quality of Qubits
        2. Decoherence
        3. Temperature Management
        4. Measurement Challenges
        5. Noise and Error Management
  4. Key Industry Players
    1. Overview
    2. 1QB Information Technologies Inc.
    3. Airbus SE
    4. Anyon Systems Inc.
    5. Cambridge Quantum Computing Ltd.
    6. D-Wave Systems Inc.
    7. Google
    8. Microsoft Corporation
    9. IBM Corporation
    10. Intel Corporation
    11. QC Ware Corp.
    12. Quantum Benchmark Inc.
    13. Quantum Circuits, Inc.
    14. Rigetti Computing
    15. Strangeworks
    16. Zapata Computing
  5. Market Forecasts
    1. Estimating the Market Potential for Enterprise Quantum Computing
    2. Global Enterprise Quantum Computing Market
      1. Quantum Computing Market Size by Region: World Markets
      2. Quantum Computing Market Size by Industry: World Markets
      3. Quantum Computing Market Size by Technology Category: World Markets
    3. Global Enterprise Quantum Computing Market by Industry, World Market Forecasts
      1. Aerospace Revenue Forecast by Product Type
      2. Agriculture Revenue Forecast by Product Type
      3. Automotive Quantum Revenue Forecast by Product Type
      4. Energy Revenue Forecast by Product Type
      5. Finance Industry Revenue Forecast by Product Type
      6. Gaming Revenue Forecast by Product Type
      7. Healthcare Revenue Forecast by Product Type
      8. Information Technology Revenue Forecast by Product Type
      9. Investment Revenue Forecast by Product Type
      10. Life Sciences Revenue Forecast by Product Type
      11. Logistics Revenue Forecast by Product Type 46
      12. Manufacturing Revenue Forecast by Product Type
      13. Oil, Gas, and Mining Revenue Forecast by Product Type
      14. Telecommunications Forecast by Product Type
      15. Transportation Revenue Forecast by Product Type
    4. Quantum Computing Forecasts: North America
      1. Agriculture Revenue Forecast by Product Type
      2. Life Sciences Revenue Forecast by Product Type
      3. Aerospace Revenue Forecast by Product Type
      4. Oil, Gas, and Mining Revenue Forecast by Product Type
      5. Automotive Revenue Forecast by Product Type
    5. Quantum Computing Forecasts: Europe
      1. Agriculture Revenue Forecast by Product Type
      2. Life Sciences Revenue Forecast by Product Type
      3. Aerospace Revenue Forecast by Product Type
      4. Automotive Revenue Forecast by Product Type
    6. Quantum Computing Forecasts: Asia Pacific
      1. Agriculture Revenue Forecast by Product Type
      2. Life Sciences Revenue Forecast by Product Type
      3. Aerospace Revenue Forecast by Product Type
    7. Quantum Computing Forecasts: Latin America and the Middle East & Africa
      1. Healthcare Quantum Computing Revenue Forecast by Product Type
      2. Energy Revenue Forecast by Product Type
    8. Conclusions and Recommendations
  6. Company Directory
  7. Acronym and Abbreviation List
  8. Table of Contents
  9. Table of Charts and Figures
  10. Scope of Study, Sources and Methodology, Notes

List of Charts, Figures, and Tables

Charts
  • Enterprise Quantum Computing Revenue by Region, World Markets: 2017-2025
  • Enterprise Quantum Computing Revenue by Industry, World Markets: 2017-2025
  • Enterprise Quantum Computing Revenue by Product Type, World Markets: 2017-2025
  • Aerospace Quantum Computing Revenue by Product Type, World Markets: 2017-2025
  • Agriculture Quantum Computing Revenue by Product Type, World Markets: 2017-2025
  • Automotive Quantum Computing Revenue by Product Type, World Markets: 2017-2025
  • Energy Quantum Computing Revenue by Product Type, World Markets: 2017-2025
  • Finance Quantum Computing Revenue by Product Type, World Markets: 2017-2025
  • Gaming Quantum Computing Revenue by Product Type, World Markets: 2017-2025
  • Healthcare Quantum Computing Revenue by Product Type, World Markets: 2017-2025
  • Information Technology Quantum Computing Revenue by Product Type, World Markets: 2017-2025
  • Investment Quantum Computing Revenue by Product Type, World Markets: 2017-2025
  • Life Sciences Quantum Computing Revenue by Product Type, World Markets: 2017-2025
  • Logistics Quantum Computing Revenue by Product Type, World Markets: 2017-2025
  • Manufacturing Quantum Computing Revenue by Product Type, World Markets: 2017-2025
  • Oil, Gas, and Mining Quantum Computing Revenue by Product Type, World Markets: 2017-2025
  • Telecommunications Quantum Computing Revenue by Product Type, World Markets: 2017-2025
  • Transportation Quantum Computing Revenue by Product Type, World Markets: 2017-2025
  • Agriculture Quantum Computing Revenue by Product Type, North America: 2017-2025
  • Life Sciences Quantum Computing Revenue by Product Type, North America: 2017-2025
  • Aerospace Quantum Computing Revenue by Product Type, North America: 2017-2025
  • Oil, Gas, and Mining Quantum Computing Revenue by Product Type, North America: 2017-2025
  • Automotive Quantum Computing Revenue by Product Type, North America: 2017-2025
  • Agriculture Quantum Computing Revenue by Product Type, Europe: 2017-2025
  • Life Sciences Quantum Computing Revenue by Product Type, Europe: 2017-2025
  • Aerospace Quantum Computing Revenue by Product Type, Europe: 2017-2025
  • Automotive Quantum Computing Revenue by Product Type, Europe: 2017-2025
  • Agriculture Quantum Computing Revenue by Product Type, Asia Pacific: 2017-2025
  • Life Sciences Quantum Computing Revenue by Product Type, Asia Pacific: 2017-2025
  • Aerospace Quantum Computing Revenue by Product Type, Asia Pacific: 2017-2025
  • Healthcare Quantum Computing Revenue by Product Type, Latin America: 2017-2025
  • Energy Quantum Computing Revenue by Product Type, Middle East & Africa: 2017-2025
  • Energy Quantum Computing Revenue by Product Type, North America: 2017-2025
  • Finance Quantum Computing Revenue by Product Type, North America: 2017-2025
  • Gaming Quantum Computing Revenue by Product Type, North America: 2017-2025
  • Healthcare Quantum Computing Revenue by Product Type, North America: 2017-2025
  • Information Technology Quantum Computing Revenue by Product Type, North America: 2017-2025
  • Investment Quantum Computing Revenue by Product Type, North America: 2017-2025
  • Logistics Quantum Computing Revenue by Product Type, North America: 2017-2025
  • Manufacturing Quantum Computing Revenue by Product Type, North America: 2017-2025
  • Telecommunications Quantum Computing Revenue by Product Type, North America: 2017-2025
  • Transportation Quantum Computing Revenue by Product Type, North America: 2017-2025
  • Energy Quantum Computing Revenue by Product Type, Europe: 2017-2025
  • Finance Quantum Computing Revenue by Product Type, Europe: 2017-2025
  • Gaming Quantum Computing Revenue by Product Type, Europe: 2017-2025
  • Healthcare Quantum Computing Revenue by Product Type, Europe: 2017-2025
  • Information Technology Quantum Computing Revenue by Product Type, Europe: 2017-2025
  • Investment Quantum Computing Revenue by Product Type, Europe: 2017-2025
  • Logistics Quantum Computing Revenue by Product Type, Europe: 2017-2025
  • Manufacturing Quantum Computing Revenue by Product Type, Europe: 2017-2025
  • Oil, Gas, and Mining Quantum Computing Revenue by Product Type, Europe: 2017-2025
  • Telecommunications Quantum Computing Revenue by Product Type, Europe: 2017-2025
  • Transportation Quantum Computing Revenue by Product Type, Europe: 2017-2025
  • Automotive Quantum Computing Revenue by Product Type, Asia Pacific: 2017-2025
  • Energy Quantum Computing Revenue by Product Type, Asia Pacific: 2017-2025
  • Finance Quantum Computing Revenue by Product Type, Asia Pacific: 2017-2025
  • Gaming Quantum Computing Revenue by Product Type, Asia Pacific: 2017-2025
  • Healthcare Quantum Computing Revenue by Product Type, Asia Pacific: 2017-2025
  • Information Technology Quantum Computing Revenue by Product Type, Asia Pacific: 2017-2025
  • Investment Quantum Computing Revenue by Product Type, Asia Pacific: 2017-2025
  • Logistics Quantum Computing Revenue by Product Type, Asia Pacific: 2017-2025
  • Manufacturing Quantum Computing Revenue by Product Type, Asia Pacific: 2017-2025
  • Oil, Gas, and Mining Quantum Computing Revenue by Product Type, Asia Pacific: 2017-2025
  • Telecommunications Quantum Computing Revenue by Product Type, Asia Pacific: 2017-2025
  • Transportation Quantum Computing Revenue by Product Type, Asia Pacific: 2017-2025
  • Aerospace Quantum Computing Revenue by Product Type, Latin America: 2017-2025
  • Agriculture Quantum Computing Revenue by Product Type, Latin America: 2017-2025
  • Automotive Quantum Computing Revenue by Product Type, Latin America: 2017-2025
  • Energy Quantum Computing Revenue by Product Type, Latin America: 2017-2025
  • Finance Quantum Computing Revenue by Product Type, Latin America: 2017-2025
  • Gaming Quantum Computing Revenue by Product Type, Latin America: 2017-2025
  • Information Technology Quantum Computing Revenue by Product Type, Latin America: 2017-2025
  • Investment Quantum Computing Revenue by Product Type, Latin America: 2017-2025
  • Life Sciences Quantum Computing Revenue by Product Type, Latin America: 2017-2025
  • Logistics Quantum Computing Revenue by Product Type, Latin America: 2017-2025
  • Manufacturing Quantum Computing Revenue by Product Type, Latin America: 2017-2025
  • Oil, Gas, and Mining Quantum Computing Revenue by Product Type, Latin America: 2017-2025
  • Telecommunications Quantum Computing Revenue by Product Type, Latin America: 2017-2025
  • Transportation Quantum Computing Revenue by Product Type, Latin America: 2017-2025
  • Aerospace Quantum Computing Revenue by Product Type, Middle East & Africa: 2017-2025
  • Agriculture Quantum Computing Revenue by Product Type, Middle East & Africa: 2017-2025
  • Automotive Quantum Computing Revenue by Product Type, Middle East & Africa: 2017-2025
  • Finance Quantum Computing Revenue by Product Type, Middle East & Africa: 2017-2025
  • Gaming Quantum Computing Revenue by Product Type, Middle East & Africa: 2017-2025
  • Healthcare Quantum Computing Revenue by Product Type, Middle East & Africa: 2017-2025
  • Information Technology Quantum Computing Revenue by Product Type, Middle East & Africa: 2017-2025
  • Investment Quantum Computing Revenue by Product Type, Middle East & Africa: 2017-2025
  • Life Sciences Quantum Computing Revenue by Product Type, Middle East & Africa: 2017-2025
  • Logistics Quantum Computing Revenue by Product Type, Middle East & Africa: 2017-2025
  • Manufacturing Quantum Computing Revenue by Product Type, Middle East & Africa: 2017-2025
  • Oil, Gas, and Mining Quantum Computing Revenue by Product Type, Middle East & Africa: 2017-2025
  • Telecommunications Quantum Computing Revenue by Product Type, Middle East & Africa: 2017-2025
  • Transportation Quantum Computing Revenue by Product Type, Middle East & Africa: 2017-2025
Tables
  • Enterprise Quantum Computing Revenue by Region, World Markets: 2017-2025
  • Enterprise Quantum Computing Revenue by Industry, World Markets: 2017-2025
  • Enterprise Quantum Computing Revenue by Product Type, World Markets: 2017-2025
  • Aerospace Quantum Computing Revenue by Product Type, World Markets: 2017-2025
  • Agriculture Quantum Computing Revenue by Product Type, World Markets: 2017-2025
  • Automotive Quantum Computing Revenue by Product Type, World Markets: 2017-2025
  • Energy Quantum Computing Revenue by Product Type, World Markets: 2017-2025
  • Finance Quantum Computing Revenue by Product Type, World Markets: 2017-2025
  • Gaming Quantum Computing Revenue by Product Type, World Markets: 2017-2025
  • Healthcare Quantum Computing Revenue by Product Type, World Markets: 2017-2025
  • Information Technology Quantum Computing Revenue by Product Type, World Markets: 2017-2025
  • Investment Quantum Computing Revenue by Product Type, World Markets: 2017-2025
  • Life Sciences Quantum Computing Revenue by Product Type, World Markets: 2017-2025
  • Logistics Quantum Computing Revenue by Product Type, World Markets: 2017-2025
  • Manufacturing Quantum Computing Revenue by Product Type, World Markets: 2017-2025
  • Oil, Gas, and Mining Quantum Computing Revenue by Product Type, World Markets: 2017-2025
  • Telecommunications Quantum Computing Revenue by Product Type, World Markets: 2017-2025
  • Transportation Quantum Computing Revenue by Product Type, World Markets: 2017-2025
  • Aerospace Quantum Computing Revenue by Product Type, North America: 2017-2025
  • Agriculture Quantum Computing Revenue by Product Type, North America: 2017-2025
  • Automotive Quantum Computing Revenue by Product Type, North America: 2017-2025
  • Energy Quantum Computing Revenue by Product Type, North America: 2017-2025
  • Finance Quantum Computing Revenue by Product Type, North America: 2017-2025
  • Gaming Quantum Computing Revenue by Product Type, North America: 2017-2025
  • Healthcare Quantum Computing Revenue by Product Type, North America: 2017-2025
  • Information Technology Quantum Computing Revenue by Product Type, North America: 2017-2025
  • Investment Quantum Computing Revenue by Product Type, North America: 2017-2025
  • Life Sciences Quantum Computing Revenue by Product Type, North America: 2017-2025
  • Logistics Quantum Computing Revenue by Product Type, North America: 2017-2025
  • Manufacturing Quantum Computing Revenue by Product Type, North America: 2017-2025
  • Oil, Gas, and Mining Quantum Computing Revenue by Product Type, North America: 2017-2025
  • Telecommunications Quantum Computing Revenue by Product Type, North America: 2017-2025
  • Transportation Quantum Computing Revenue by Product Type, North America: 2017-2025
  • Aerospace Quantum Computing Revenue by Product Type, Europe: 2017-2025
  • Agriculture Quantum Computing Revenue by Product Type, Europe: 2017-2025
  • Automotive Quantum Computing Revenue by Product Type, Europe: 2017-2025
  • Energy Quantum Computing Revenue by Product Type, Europe: 2017-2025
  • Finance Quantum Computing Revenue by Product Type, Europe: 2017-2025
  • Gaming Quantum Computing Revenue by Product Type, Europe: 2017-2025
  • Healthcare Quantum Computing Revenue by Product Type, Europe: 2017-2025
  • Information Technology Quantum Computing Revenue by Product Type, Europe: 2017-2025
  • Investment Quantum Computing Revenue by Product Type, Europe: 2017-2025
  • Life Sciences Quantum Computing Revenue by Product Type, Europe: 2017-2025
  • Logistics Quantum Computing Revenue by Product Type, Europe: 2017-2025
  • Manufacturing Quantum Computing Revenue by Product Type, Europe: 2017-2025
  • Oil, Gas, and Mining Quantum Computing Revenue by Product Type, Europe: 2017-2025
  • Telecommunications Quantum Computing Revenue by Product Type, Europe: 2017-2025
  • Transportation Quantum Computing Revenue by Product Type, Europe: 2017-2025
  • Aerospace Quantum Computing Revenue by Product Type, Asia Pacific: 2017-2025
  • Agriculture Quantum Computing Revenue by Product Type, Asia Pacific: 2017-2025
  • Automotive Quantum Computing Revenue by Product Type, Asia Pacific: 2017-2025
  • Energy Quantum Computing Revenue by Product Type, Asia Pacific: 2017-2025
  • Finance Quantum Computing Revenue by Product Type, Asia Pacific: 2017-2025
  • Gaming Quantum Computing Revenue by Product Type, Asia Pacific: 2017-2025
  • Healthcare Quantum Computing Revenue by Product Type, Asia Pacific: 2017-2025
  • Information Technology Quantum Computing Revenue by Product Type, Asia Pacific: 2017-2025
  • Investment Quantum Computing Revenue by Product Type, Asia Pacific: 2017-2025
  • Life Sciences Quantum Computing Revenue by Product Type, Asia Pacific: 2017-2025
  • Logistics Quantum Computing Revenue by Product Type, Asia Pacific: 2017-2025
  • Manufacturing Quantum Computing Revenue by Product Type, Asia Pacific: 2017-2025
  • Oil, Gas, and Mining Quantum Computing Revenue by Product Type, Asia Pacific: 2017-2025
  • Telecommunications Quantum Computing Revenue by Product Type, Asia Pacific: 2017-2025
  • Transportation Quantum Computing Revenue by Product Type, Asia Pacific: 2017-2025
  • Aerospace Quantum Computing Revenue by Product Type, Latin America: 2017-2025
  • Agriculture Quantum Computing Revenue by Product Type, Latin America: 2017-2025
  • Automotive Quantum Computing Revenue by Product Type, Latin America: 2017-2025
  • Energy Quantum Computing Revenue by Product Type, Latin America: 2017-2025
  • Finance Quantum Computing Revenue by Product Type, Latin America: 2017-2025
  • Gaming Quantum Computing Revenue by Product Type, Latin America: 2017-2025
  • Healthcare Quantum Computing Revenue by Product Type, Latin America: 2017-2025
  • Information Technology Quantum Computing Revenue by Product Type, Latin America: 2017-2025
  • Investment Quantum Computing Revenue by Product Type, Latin America: 2017-2025
  • Life Sciences Quantum Computing Revenue by Product Type, Latin America: 2017-2025
  • Logistics Quantum Computing Revenue by Product Type, Latin America: 2017-2025
  • Manufacturing Quantum Computing Revenue by Product Type, Latin America: 2017-2025
  • Oil, Gas, and Mining Quantum Computing Revenue by Product Type, Latin America: 2017-2025
  • Telecommunications Quantum Computing Revenue by Product Type, Latin America: 2017-2025
  • Transportation Quantum Computing Revenue by Product Type, Latin America: 2017-2025
  • Aerospace Quantum Computing Revenue by Product Type, Middle East & Africa: 2017-2025
  • Agriculture Quantum Computing Revenue by Product Type, Middle East & Africa: 2017-2025
  • Automotive Quantum Computing Revenue by Product Type, Middle East & Africa: 2017-2025
  • Energy Quantum Computing Revenue by Product Type, Middle East & Africa: 2017-2025
  • Finance Quantum Computing Revenue by Product Type, Middle East & Africa: 2017-2025
  • Gaming Quantum Computing Revenue by Product Type, Middle East & Africa: 2017-2025
  • Healthcare Quantum Computing Revenue by Product Type, Middle East & Africa: 2017-2025
  • Information Technology Quantum Computing Revenue by Product Type, Middle East & Africa: 2017-2025
  • Investment Quantum Computing Revenue by Product Type, Middle East & Africa: 2017-2025
  • Life Sciences Quantum Computing Revenue by Product Type, Middle East & Africa: 2017-2025
  • Logistics Quantum Computing Revenue by Product Type, Middle East & Africa: 2017-2025
  • Manufacturing Quantum Computing Revenue by Product Type, Middle East & Africa: 2017-2025
  • Oil, Gas, and Mining Quantum Computing Revenue by Product Type, Middle East & Africa: 2017-2025
  • Telecommunications Quantum Computing Revenue by Product Type, Middle East & Africa: 2017-2025
  • Transportation Quantum Computing Revenue by Product Type, Middle East & Africa: 2017-2025